Charles River Development, a State Street Company, is a financial services technology company that enables sound and efficient investing across all asset classes. The Charles River Wealth Solution (“Charles River WS”) focuses on automating and simplifying investment management on a single, enterprise, Software as a Service (“SaaS”) platform. Over 300 firms across over 30 countries worldwide use the Charles River technology to manage more than $29 Trillion in assets in the institutional investment, asset owner, wealth management and hedge fund industries.
In October 2018, State Street completed its acquisition of Charles River. The combination of State Street and Charles River enables the industry’s first-ever global interoperable platform connecting the front, middle and back office, State Street’s Alpha. Supported by deep enterprise data management, State Street's Alpha will accelerate investment workflows, provide advanced data aggregation, analytics and compliance tools, and connect and exchange data with other industry platforms and providers.